Italy - Factors to watch on Nov 12

Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).

EURO ZONE DEBT CRISIS

Investors are returning to Italy, allowing it to comfortably
service its large debt and avoid seeking help from the euro
zone's bailout fund, the head of the country's debt agency said
on Friday.

The euro zone will not release a new loan tranche to Greece
on Monday despite the country's tough 2013 budget as there is no
agreement yet on how to make its debt sustainable, but Athens is
set to get two more years to cut debt, officials said.

European Union countries will consider a proposal this week
for an absolute cap on the total bonus paid to bankers, EU
officials said on Sunday, a reform Britain is unlikely to
support.

TELECOM ITALIA

* Egyptian businessman Naguib Sawiris has offered to invest
as much as 5 billion euro ($6.4 billion) for a stake in Telecom
Italia, the Wall Street Journal reported, quoting
sources close to the company.

Telecom Italia stuck to its targets for cuts in debt on
Friday and said it was pushing ahead with the sale of its media
arm in a bid to make up for poor operating revenues.

Egyptian billionaire Naguib Sawiris is mulling an investment
of up to 4-5 billion euros in Telecom Italia, Il Corriere della
Sera reported on Saturday without citing its sources.

Sources close to the company played down the size of the
eventual offer, Il Sole 24 Ore said on Sunday.

Telecom Italia stuck to its targets for cuts in debt on
Friday and said it was pushing ahead with the sale of its media
arm in a bid to make up for poor operating revenues.

INTESA SANPAOLO

Italy's biggest retail bank Intesa Sanpaolo is well
equipped to stave off a surge in bad loans, which it sees
peaking before the middle of next year, the bank's executive
vice chairman told Reuters on Sunday.

FINMECCANICA

Chief Executive Giuseppe Orsi reiterated that he would not
step down from Europe's third-biggest defence group but said in
a newspaper interview that he favoured separating the roles of
chairman and chief executive.

A consortium of buyers made up of private equity funds CVC
Capital Partners and Clessidra, and state-backed Fondo
Strategico Italiano (FSI) is expected to present their offer for
airplane engine parts maker Avio by Tuesday, Il Messaggero
reported on Saturday.

GENERALI

Italy's No.1 insurer Generali is to say in January how it
plans to boost profitability and bolster its financial base
after completing a strategic review under the leadership of new
boss Mario Greco.

FONDIARIA-SAI, UNIPOL

Standard & Poor's raised its ratings on Fondiaria-SAI and
its rated subsidiaries to 'BB' from "B+" on Friday, keeping
watch positive, citing a positive impact from the integration
plan with peer Unipol.

MEDIASET

Italy's private broadcaster Mediaset, owned by former prime
minister Silvio Berlusconi, will post its first ever net loss
when it releases third quarter results next week, a company
source told Reuters on Friday.

PARMALAT

Italy's biggest food group Parmalat set a higher guidance
for its full-year core earnings on Friday, as it reaps benefits
from expansion in its core U.S. market.

ENI

Italian oil firm Eni said it had declared force majeure on
Brass River oil loadings from Nigeria due to floods, in a sign
the African country's export problems are worsening.

PRELIOS

A capital increase of around 200 million euros, a
convertible bond of up to 200 million euros and a debt
rifinancing plan for 250 million euros are the terms of a rescue
deal for Prelios outlined by Italian consortium Feidos on
Saturday, la Repubblica reported on Sunday.

La Repubblica said an extraordinary board of Camfin will be
held to approve the deal on Monday, deadline of the exclusive
talks for the rescue.

A2A

The group plans to cut debt to 3.2 billion euros in 2015
from 4.6 billion euros expected at the end of 2012 and reduce
dividends, according to a three-year business plan reported by
Il Sole 24 Ore on Sunday.

The company expects a payout of 60 percent for a total of
300 million euros over the three-year period, net of
extraordinary operations, Il Sole said.

A2A also expects to sell its 25.7 percent in Metroweb by the
end of the year and generate a capital gain of above 30 million
euros. It plans further asset disposals for a total of 500
million euros.